Stock market today
A lower close for the US stock market today. Dow Jones fell 244 points, Nasdaq lost more than 100 points. S&P 500 fell 37 points. The closing numbers for the US stock market today:
S&P 500: 3,319.44,-37.57(-1.12%)
Dow 30: 27,657.42,-244.56(-0.88%)
Nasdaq: 10,793.28,-116.99(-1.07%)
Russell 2000: 1,535.23,-7.37(-0.48%)
Stock market data: Yahoo Finance
Stock market news
“Stocks tumbled on Friday, closing out a rocky week on a down note as big tech stocks extend a weeklong sell-off — which dragged down all of Wall Street in spite of encouraging developments in the economy.
In recent sessions, high profile tech stocks like Amazon (AMZN), Facebook (FB) and Apple (AAPL) have slumped sharply after hitting record highs. The sector’s rout led the Nasdaq to its worst levels since July 31, and Friday saw the bellwether shed nearly 2% intraday. Meanwhile, the S&P logged losses that pushed it to a six week low.
Price action reflects how investors, who have bid up stocks relentlessly since late spring, are now rethinking prospects for a sharp economic rebound in the wake of a still raging COVID-19 pandemic and no immediate fiscal boost on the table. As a result, Wall Street economists are no longer sanguine about a rescue package, or growth prospects for the remainder of 2020.”
Stock market data: Yahoo Finance
